Modern India Limited

Founded in 1933 and headquartered in Maharashtra, India.

1933 | Mumbai, Maharashtra (India) | Active
Last Updated:

Modern India Profile

Key Indicators

  • Authorised Capital ₹ 25.00 Cr
  • Paid Up Capital ₹ 7.51 Cr
  • Company Age 91 Year, 4 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 821.94 Cr
  • Satisfied Charges ₹ 380.92 Cr
  • Revenue Growth 107.65%
  • Profit Growth 12436.83%
  • Ebitda 925.03%
  • Net Worth 10902.61%
  • Total Assets 33.15%

About Modern India

Modern India Limited (MIL) was founded in India on 24 October 1933 and has a glorious history of 91 years and four months. Its registered office is in Mumbai, Maharashtra, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 503015.

The Corporate was formerly known as The Modern Mills Limited. The Company is engaged in the Real Estate And Construction Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 25.00 Cr and a paid-up capital of Rs 7.51 Cr.

The company currently has active open charges totaling ₹821.94 Cr. The company has closed loans amounting to ₹380.92 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Modern India Limited India are Nawalkishore Deora as CFO and Parind Badshah as Company Secretary. Anand Didwania, Kaiwan Kalyaniwalla, Gauri Jatia, and Five other members serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    modernindia.co.in

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17120MH1933PLC002031

  • Company No.

    002031

  • Stock Symbol

    BSE : 503015

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    24 Oct 1933

  • Date of AGM

    28 Aug 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Real Estate and Construction

Who are the key members and board of directors at Modern India?

Executive Team (3)

NameDesignationAppointment DateStatus
Vijaykumar Jatia Country flag representing In Managing Director30-Dec-1994Current
Nawalkishore Deora Country flag representing In CFO01-Feb-2015Current
Parind Badshah Country flag representing In Company Secretary14-Oct-2013Current

Board Members (7)

NameDesignationAppointment DateStatus
Sidhant Jatia Country flag representing In Whole-Time Director 17-Jun-2021Current
Satyan Israni Country flag representing In Director Current
Anand Didwania Country flag representing In Director 31-Jan-2001Current
Kaiwan Kalyaniwalla Country flag representing In Director 16-May-2014Current
Gauri Jatia Country flag representing In Director 30-Jun-2003Current
Pradip Bubna Country flag representing In Director 29-Apr-2002Current

Financial Performance of Modern India.

Modern India Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 107.65% increase. The company also saw a substantial improvement in profitability, with a 12436.83% increase in profit. The company's net worth Soared by an impressive increase of 10902.61%.

Modern India revenue growth over time
Modern India profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
107.65%
Revenue from Operations
194.20%
Total Assets
33.15%
Profit or Loss
12436.83%
Net Worth
10902.61%
EBITDA
925.03%

What is the Ownership and Shareholding Structure of Modern India?

In 2023, Modern India had a promoter holding of 93.96% and a public holding of 6.04%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹821.94 Cr

Satisfied Charges

₹380.92 Cr

Charges Breakdown by Lending Institutions

  • Others : 799.00 Cr
  • Hdfc Bank Limited : 21.74 Cr
  • Axis Bank Limited : 1.20 Cr

Latest Charge Details

DateLenderAmountStatus
06 Oct 2023Hdfc Bank Limited₹4.09 MOpen
06 Oct 2023Hdfc Bank Limited₹2.47 MOpen
24 Jul 2023Others₹50.00 CrOpen
27 Apr 2023Hdfc Bank Limited₹1.00 MOpen
22 Feb 2023Hdfc Bank Limited₹1.91 MOpen

How Many Employees Work at Modern India?

Modern India has a workforce of 46 employees as of Apr 08, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Modern India Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Modern India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Modern India's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Modern India

Recent activity within the organization

  • Charges

    A charge with Others of Rs. 50.00 Cr registered on 24 Jul 2023 with Charge ID 100761230 was modified on 01 Jul 2024.

  • Charges

    A charge with Others of Rs. 49.00 Cr registered on 06 Dec 2016 with Charge ID 100069198 was modified on 22 May 2024.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.41 Cr with Charge ID 100816068 was registered on 06 Oct 2023.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.25 Cr with Charge ID 100816076 was registered on 06 Oct 2023.

  • Annual General Meeting

    Modern India Limited last Annual general meeting of members was held on 28 Aug 2023 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100761230 was registered on 24 Jul 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Modern India Limited?

    Modern India Limited was incorporated on 24 Oct 1933.

  • What is authorized share capital and paid-up capital of Modern India Limited?

    The authorized share capital of Modern India Limited is ₹ 25.00 Cr and paid-up capital is ₹ 7.51 Cr.

  • Who are the current board members & directors of Modern India Limited?

    Currently 10 directors are associated with Modern India Limited.

    • Anand Badriprasad Didwania
    • Kaiwan Dossabhoy Kalyaniwalla
    • Gauri Jatia
    • Vijaykumar Mahabirprasad Jatia
    • Sidhant Vijaykumar Jatia
    • Pradip Kumar Bubna
    • Mudit Vijay Kumar Jatia
    • Satyan Shivkumar Israni
    • Nawalkishore Girdharilal Deora
    • Parind Chandrakant Badshah

  • What is the registered address of Modern India Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Modern India Limited is 1Mittal Chambers228 Nariman Point, Mumbai, Maharashtra, India, 400021.

  • What is the corporate identification number (CIN) and company number of Modern India Limited?

    The corporate identification number (CIN) of Modern India Limited is U17120MH1933PLC002031 and the company number is 002031 as per Ministry of Corporate Affairs (MCA).

  • Is Modern India Limited registered with any stock exchange in India?

    Yes, Modern India Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Modern India Limited?

    The Official website of Modern India Limited is https://www.modernindia.co.in

  • What has been the recent revenue trend for Modern India Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Modern India Limited has risen by 107.65%.

  • How many employees does Modern India Limited currently have?

    As Per 2023 financial reports, 46 employees are currently employed by Modern India Limited.

  • What change has been observed in the net worth of Modern India Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Modern India Limited has experienced an upsurge of 10902.61%.

  • What are the total open charges for Modern India Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Modern India Limited amount to ₹ 821.94 Cr.

  • When was the last Balance Sheet of Modern India Limited filed with the ROC?

    The most recent Balance Sheet for Modern India Limited was filed with the ROC on 31 Mar 2023.

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